MillerKnoll Inc (MLKN)
Debt-to-equity ratio
| May 31, 2024 | Jun 3, 2023 | May 31, 2023 | May 31, 2022 | May 28, 2022 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 1,365,100 | — | — | 1,379,200 |
| Total stockholders’ equity | US$ in thousands | 1,385,100 | 1,432,600 | 1,432,600 | 1,427,100 | 1,427,100 |
| Debt-to-equity ratio | 0.00 | 0.95 | 0.00 | 0.00 | 0.97 |
May 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,385,100K
= 0.00
The debt-to-equity ratio of MillerKnoll Inc has shown some fluctuations over the past three years. As of May 28, 2022, the ratio stood at 0.97, indicating that the company had a higher level of debt in relation to its equity at that time. However, by May 31, 2022, and May 31, 2023, the ratio dropped to 0.00, suggesting that the company had no debt relative to its equity during those periods.
Subsequently, by June 3, 2023, the ratio increased to 0.95, signifying a return to a higher level of debt compared to equity. However, by May 31, 2024, the ratio once again dropped to 0.00, indicating a debt-free position relative to equity.
Overall, the fluctuating pattern of the debt-to-equity ratio suggests that MillerKnoll Inc has been actively managing its debt and equity structure over the analyzed periods. The company's ability to maintain a lower ratio or even a debt-free position at times may indicate a prudent approach to financial leverage and risk management.